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VanEck Gold Miners ETF
GDX

708 hedge funds and large institutions have $5.25B invested in VanEck Gold Miners ETF in 2023 Q3 according to their latest regulatory filings, with 73 funds opening new positions, 200 increasing their positions, 250 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.03% more ownership

Funds ownership: 44.95% → 45.98% (+1%)

10% more call options, than puts

Call options by funds: $3.82B | Put options by funds: $3.48B

3% less funds holding

Funds holding: 732 → 708 (-24)

9% less capital invested

Capital invested by funds: $5.74B → $5.25B (-$494M)

20% less first-time investments, than exits

New positions opened: 73 | Existing positions closed: 91

20% less repeat investments, than reductions

Existing positions increased: 200 | Existing positions reduced: 250

22% less funds holding in top 10

Funds holding in top 10: 37 → 29 (-8)

Holders
708
Holders Change
-24
Holders Change %
-3.28%
% of All Funds
11.24%
Holding in Top 10
29
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-21.62%
% of All Funds
0.46%
New
73
Increased
200
Reduced
250
Closed
91
Calls
$3.82B
Puts
$3.48B
Net Calls
+$340M
Net Calls Change
-$846M

Top Buyers

Rank Fund Capital Flow
1
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$137M
2
Jane Street
Jane Street
New York
+$107M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$69.4M
4
Bank of America
Bank of America
North Carolina
+$59.1M
5
JP Morgan Chase
JP Morgan Chase
New York
+$56.6M

Top Sellers

Rank Fund Capital Flow
1
AG
Arctis Global
Puerto Rico
-$85.1M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$58.6M
3
SGDR
SPX Gestao de Recursos
Brazil
-$53.6M
4
Twin Tree Management
Twin Tree Management
Texas
-$51.6M
5
HSBC Holdings
HSBC Holdings
United Kingdom
-$42.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWA
676
Authentikos Wealth Advisory
California
$5.38K +$5.9K +200 New
LFA
677
LGT Financial Advisors
Texas
$5.38K +$5.9K +200 New
PMFA
678
Plante Moran Financial Advisors
Michigan
$4.74K – – –
MWM
679
Mascoma Wealth Management
New Hampshire
$4.71K – – –
BAM
680
Bellevue Asset Management
Washington
$4.1K – – –
BWM
681
Baystate Wealth Management
Massachusetts
$4.05K – – –
AA
682
Addison Advisors
Vermont
$4.04K – – –
TFGT
683
TS Financial Group (TSFG)
Illinois
$4K – – –
SL
684
Savior LLC
Massachusetts
$3.39K -$147K -5,000 -98%
ICM
685
Islay Capital Management
Texas
$2.69K – – –
MAWCM
686
Mine & Arao Wealth Creation & Management
California
$2.69K – – –
SFA
687
Semmax Financial Advisors
North Carolina
$2.68K +$2.92K +99 New
MIM
688
Macroview Investment Management
Maryland
$2.59K – – –
GI
689
Gradient Investments
Minnesota
$2.53K – – –
GIS
690
Grayhawk Investment Strategies
Alberta, Canada
$2.29K – – –
TIM
691
Tortoise Investment Management
New York
$2.02K – – –
WAS
692
Winch Advisory Services
Wisconsin
$2K – – –
FGAM
693
Financial Gravity Asset Management
Texas
$1.94K +$1.12K +38 +127%
TFA
694
Toth Financial Advisory
Virginia
$1.75K – – –
BC
695
Barrett & Company
Rhode Island
$1.61K – – –
LWANC
696
Laurel Wealth Advisors (North Carolina)
North Carolina
$1.56K – – –
PGAM
697
Princeton Global Asset Management
New Jersey
$942 – – –
PWMG
698
Provence Wealth Management Group
California
$888 +$973 +33 New
BFA
699
BBJS Financial Advisors
Washington
$808 – – –
MCM
700
MV Capital Management
Maryland
$673 – – –
26 27
28
29 30

GDX Hedge Fund Activity: Q3 2023 in Review

708 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in VanEck Gold Miners ETF (GDX) for Q3 2023, worth a combined $5.25B — down 8.6% from $5.74B a quarter earlier.

Sellers outnumbered buyers: 91 funds closed out of GDX and 73 opened new positions — a net loss of 18 holders — while 250 trimmed existing stakes and 200 added.

The largest buyer was National Bank of Canada, adding an estimated $137M. The largest seller was Arctis Global, exiting entirely with an estimated $85.1M sold.

  • 708 institutional investors held VanEck Gold Miners ETF (GDX) as of Q3 2023, down from 732 in Q2 2023.
  • Funds reported $5.25B of VanEck Gold Miners ETF stock for Q3 2023, down 8.6% quarter-over-quarter.
  • 73 funds opened new VanEck Gold Miners ETF positions in Q3 2023 and 91 closed out, a net change of -18 holders.
  • The largest VanEck Gold Miners ETF buyer in Q3 2023 was National Bank of Canada, an estimated $137M added.
  • The largest VanEck Gold Miners ETF seller in Q3 2023 was Arctis Global, an estimated $85.1M sold.

Based on aggregated 13F filings for Q3 2023.